We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » Industry leaders fed up with tit-for-tat trade war
Forward Thinking

Industry leaders fed up with tit-for-tat trade war

September 5, 2019
Supply Chain Quarterly Staff
No Comments

The trade rollercoaster and its effects on the supply chain continued Thursday as the United States and China agreed to hold another round of trade talks in Washington, D.C., in early October.

The announcement, which came on the heels of a new round of tariffs on Chinese goods that took effect September 1, prompted an immediate response from the National Retail Federation (NRF), reiterating its plea for officials to end the trade war that began in January 2018. NRF President and CEO Matthew Shay said the talks are a step in the right direction, and urged administration officials to roll back existing tariffs the group says is hurting businesses and consumers.

"This trade war has gone on far too long, and the harmful consequences for American business and consumers continues to grow," Shay said in a statement Thursday morning. "We are optimistic both sides will come together and make significant progress toward a trade deal that resets US-China trade relations and lifts tariffs on both sides."

Earlier this week, other groups expressed frustration over the tit-for-tat trade war as 15% tariffs were imposed on a partial list of Chinese imports, comprised of consumer goods such as smartwatches, Bluetooth headphones, televisions, and footwear. Tariffs on the remainder of the list are set to take effect December 15 and include even more electronics, along with toys and clothing. The new tariffs followed China's imposition of tariffs on $75 billion of U.S. goods in late August.

In an interview with Fox Business Wednesday, Retail Industry Leaders Association (RILA) Chief Operating Officer Brian Dodge said the newest tariffs threaten to hit the bright side of the economy—consumers—adding costs that affect their expenses and their confidence. He said retailers have done a good job of managing tariffs up until now, but that the newest round creates "unavoidable" cost increases. Like Shay, he says it's time to end the battle.

"We've reached a point in this trade war where we have no choice but to reach some sort of agreeable conclusion," Dodge said in the interview. "The President has assured us that there will be conversations this month, and we will encourage him to recognize the state that we are in now and reach an agreement that resolves these tariffs."

Gary Shapiro, president and CEO of the Consumer Technology Association (CTA) emphasized the uncertainty of the global trade scenario on all aspects of the economy.

" ... this unpredictable tariff policy is forcing us down the wrong economic path," Shapiro said September 1. "Continuous threats of more tariffs and occasional promises that trade talks are progressing mean whiplash for global stock markets. That uncertainty hurts every American with a pension, retirement fund or college savings plan."

Global Logistics
  • Related Articles

    Stenn Shortlisted as "Best Alternative Trade Finance Provider" for GTR's Leaders in Trade Awards

    Global Trade Flow Index: Global trade trending up despite European risks

    Develop a war plan for supply chain disruptions

Recent Articles by Supply Chain Quarterly Staff

IBM survey says digitalization trends will sweep trucking industry by 2030

Report tracks rise in cargo theft from storage facilities

Policy groups posit plan to support supply chains hit by Covid-19, winter storms

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • The 3PL industry: time to reset

  • Resiliency starts with supplier mapping

  • Freight market growth expected to slow in 2021

  • Retailers designing stores to support inventory and logistics work, not just shopping

  • Seizing the helm

Featured Video

6cabd6ef 64df 4460 bb11 e90c2bdea0a5

Identifying Intralogistics Solutions to Fit Your Operation: LinkedIn Live Ep. 4

Viewer Contributed
As technology evolves, the advantages of using semi- and fully automated solutions to increase productivity and address labor shortages are clear. However, before an organization jumps fully into automation, optimization is a key step that must happen first. Intralogistics solutions, such as Raymond’s iWAREHOUSE and...

FEATURED WHITE PAPERS

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

  • Finding the Right Transportation Management Partner

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing